Thursday, 16 May 2013

Peter Lilley, a member of the Prime Minister’s Parliamentary Advisory board, has warned that the UK’s hesitance to embrace shale gas comes at great expense to the country.

He cites decreasing gas prices in American as an example, where gas is a third of the price of what it is in Europe, and questions why Britain is “dragging its feet”.

The UK is potentially sitting on enough shale gas reserves to heat all homes in Britain for at least 100 years, experts at the British Geological Survey claimed in April this year.

However, there has been resistance to excavate the fossil fuel amid concerns about the possibility of earthquakes and water contamination if gases are leaked into the water table while the “fracking” process is carried out.

In an article for The Spectator, the Conservative MP accuses the Department for Energy and Climate Change as being “in disarray” over the issue, with some ministers now beginning to question the direction green policies have been heading.